The Sherwin-Williams Company will acquire the European industrial coatings business of Sika AG. The acquired business will become part of the Sherwin-Williams Performance Coatings segment and that includes approximately 130 Sika employees. The transaction is expected to close in the beginning of 2022.

Based in Germany, with additional sales and technical support in Poland, Austria and Switzerland, the Sika European industrial coating business engineers, manufactures and sells corrosion protection coating systems for high-value interior and exterior steel infrastructure, bridges, airport and rail, wind and energy, chemicals, power transmission and stations, interior linings for oil and gas tanks, vessels, and pipework, and water and wastewater applications, along with fire-protection coating systems to protect and preserve steel, wood and concrete building components. The business generated approximately CHF 75 million (USD $82 million) in sales for the year ended Dec. 31, 2020.

“This transaction fits our strategy of acquiring complementary, high-quality, differentiated businesses that add to our profitable growth momentum,” said John G. Morikis, Sherwin-Williams chairman, president and chief executive officer. “The business brings us scale, unique technology, a strong sales and marketing team, technical service capabilities, strategically located manufacturing, and leading specification and approval positions, all of which we can leverage further throughout Europe and other regions across the world.”

Finding a reliable coatings supplier, just scan the QR Code of CCPIT coatings.